⚡ Flash Summary

Pakistan International Bulk Terminal Limited (PIBTL) has announced the election and re-election of its directors at the Annual General Meeting (AGM) held on October 22, 2025. Mr. Arsalan Iftikhar Khan has been elected as the Executive Director for a three-year term commencing from October 25, 2025. Additionally, six individuals have been re-elected as directors, also for a three-year term starting October 25, 2025. The announcement was made on November 19, 2025, and submitted to the Pakistan Stock Exchange.

📌 Key Takeaways

• 📅 Election and re-election of directors announced on November 19, 2025.
• 👨‍💼 Mr. Arsalan Iftikhar Khan elected as Executive Director.
• 🗓️ Term for Executive Director starts October 25, 2025, lasting three years.
• 6️⃣ Six individuals re-elected as directors.
• 🗓️ Re-elected directors’ term also starts October 25, 2025, for three years.
• 🏢 AGM held on October 22, 2025.
• 💼 Capt. Haleem Ahmed Siddiqui re-elected as Chairman / Non-Executive Director.
• 🧑‍💼 Mr. Sharique Azim Siddiqui re-elected as Chief Executive Officer / Executive Director.
• 🧑‍💼 Capt. Zafar Iqbal Awan re-elected as Non-Executive Director.
• 🧑‍💼 Syed Nadir Shah re-elected as Independent Director.
• 🧑‍💼 Mr. Muhammad Masood Ahmed Usmani re-elected as Non-Executive Director.
• 👩‍💼 Ms. Farah Agha re-elected as Independent Director.
• 📜 Announcement made in compliance with Rule 5.6.1(a)(xii) of the Pakistan Stock Exchange.

🎯 Investment Thesis

Given the lack of immediate financial impact and the focus on governance, a HOLD recommendation is appropriate. The election and re-election of directors are important for long-term strategy and stability, but further information on the company’s financial performance and strategic initiatives is needed to make a more definitive investment decision. A price target cannot be determined based solely on this announcement. Monitoring board decisions and their financial impacts over the next year is crucial.